Cancel 2016.2
The Almighty
id say theres a 30% chance we have recession.. and it would be mild.
Take a look at the technical charting of the dow on a monthly basis since 1981. For 28 years the trend line has been up and it has not been broken. Dow going below 12500 at this point would break the trendline. That would be bad for the market.
Short term technicals look better, in large part to the rally last week. But it has created a nice little head and shoulders.
A recession is not a lock at this point, but I would put it more at 70-80% than 30% at this point based on the problems we are currently facing.